Aditya Birla Capital - Service 3.1.2

Aditya Birla Capital - Service App: A Comprehensive Review

The Aditya Birla Capital - Service App presents a streamlined approach to financial management, offering users a consolidated platform for tracking their assets, loans, and insurance. The application aims to enhance the customer experience by integrating various financial services into a single, accessible interface. Users can conveniently access their accounts through a simple sign-in process using their registered mobile number.

Insurance Management Made Simple

This app is tailored to facilitate various insurance needs, enabling users to manage premiums, track policies, and file claims effortlessly. Real-time updates on coverage are provided, alongside an intuitive system for updating personal information such as nominees and contact details. Additionally, the integrated AI chatbot, SimpliFI, offers instant responses to user inquiries.

Investment Tracking and Growth

The platform allows users to monitor the performance of their mutual funds, stocks, and other investments. Detailed reporting features are available at users' fingertips, making it easy to adjust portfolios according to personal financial goals. This functionality fosters a proactive approach to investment management.

Efficient Loan Management

For current borrowers, the app simplifies the management of service requests related to various loan products. Users can initiate disbursement requests, download statements, and adjust repayment terms directly through the app interface.

Personal Loan Highlights

• Loan Amount: Minimum of ₹50,000 to Maximum of ₹10 lakhs
• Repayment Tenure: Minimum of 12 months to Maximum of 36 months
• Rate of Interest: 10.99% to 30% p.a.
• Processing Fees: 2% + 18% GST (on processing fee)
• Flexible repayment options available
• No collateral required

Lending Partner: Aditya Birla Capital Limited.

Note:

• The minimum repayment tenure is more than 60 days for all loan applications.
• The annualized percentage rate (APR), including interest and fees, is less than 36% per annum.

Example of a Personal Loan for Salaried Individuals:

• Loan Amount: ₹1,00,000
• Tenure: 18 months
• Rate of Interest (reducing balance method): 18.5% per annum
• Processing Fee (2%): ₹2,000
• GST on Processing Fee (18%): ₹360
• Total Interest: ₹14,880
• APR (Annualized Percentage Rate): 21.72% per annum
• Amount Disbursed: ₹97,640
• EMI: ₹6,404
• Total Repayment Amount: ₹1,14,880

Nationwide Accessibility

The Aditya Birla Capital - Service App caters to a broad customer base across India. Whether it involves investing, insuring, or borrowing, the app positions itself as a reliable financial partner. The emphasis on customer service further enhances its appeal within the financial technology landscape.